TINY Options History — May 2011

In May 2011, TINY traded between $4.90 and $5.88. ATM implied volatility averaged 45.1%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 2.4% (HV 20d: 42.8%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 3.56.

Notable Days

2011-05-26: Highest Volume — 647 contracts
2011-05-27: Largest IV drop — 46.5% change
2011-05-26: Highest IV Rank — 20.5%
2011-05-26: Largest Expected Move — 16.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.27	$4.90	$5.88	$5.00	$5.73
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	45.1%	29.6%	57.9%	38.3%	29.6%
Expected Move	13.4%	8.5%	16.6%	11.0%	8.5%
HV 20d	42.8%	31.9%	57.1%	31.9%	54.4%
HV 60d	40.3%	35.9%	43.5%	41.2%	43.5%
IV Rank	11.5%	0.5%	20.5%	6.7%	0.5%
IV Percentile	29.2%	0.4%	65.5%	5.2%	0.4%
Term Structure	0.5%	-20.3%	31.2%	9.1%	31.2%
VWIV	48.3%	22.2%	71.4%	49.9%	22.2%
Bid-Ask Spread %	67.47	34.17	92.55	34.17	60.86
Gamma HHI	0.62	0.49	0.88	0.53	0.76
Net GEX	7.2K	3.9K	10.3K	7.2K	10.3K
Net DEX	-267.5K	-537.2K	-138.4K	-193.5K	-537.2K
Net VEX	-1.7K	-2.3K	-1.6K	-1.7K	-1.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.56	0.00	36.67	0.00	0.00
Total Volume	115.857	1	647	25	68
Total OI	3,129.333	2,794	3,813	2,794	3,813

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2011-05-02	$5.00	$5.00	38.3%	11.0%	31.9%	6.7%	0.0%	0.0%	9.1%	7.2K	-193.5K	-1.7K	0.00	34.17	N/A	N/A	25	0	2,342	452
2011-05-03	$5.08	$5.00	50.0%	14.3%	32.6%	14.9%	49.9%	0.0%	4.3%	6.5K	-185.2K	-1.7K	0.00	50.00	N/A	N/A	13	0	2,367	452
2011-05-04	$4.98	$5.00	49.3%	14.1%	32.5%	14.5%	0.0%	0.0%	4.9%	6.2K	-170.9K	-1.6K	0.00	47.67	N/A	N/A	60	0	2,379	452
2011-05-05	$4.90	$5.00	47.0%	13.5%	32.5%	12.8%	0.0%	0.0%	9.2%	6.2K	-163.5K	-1.6K	0.00	58.35	N/A	N/A	50	0	2,425	452
2011-05-06	$4.92	$5.00	44.5%	15.8%	32.1%	11.0%	0.0%	0.0%	-3.8%	6.9K	-174.2K	-1.7K	0.00	67.12	N/A	N/A	0	1	2,475	452
2011-05-09	$5.10	$5.00	50.1%	14.4%	33.6%	15.1%	0.0%	0.0%	1.3%	7.2K	-204.1K	-1.6K	0.00	67.50	N/A	N/A	2	0	2,475	453
2011-05-10	$5.33	$5.00	41.4%	15.0%	36.2%	8.9%	51.5%	0.0%	-0.3%	7.3K	-283.0K	-1.6K	0.00	82.87	N/A	N/A	20	0	2,477	453
2011-05-11	$5.07	$5.00	37.9%	14.3%	39.6%	6.4%	0.0%	0.0%	-5.9%	7.8K	-204.9K	-1.6K	36.67	79.97	N/A	N/A	3	110	2,474	453
2011-05-12	$5.24	$5.00	42.3%	12.1%	41.1%	9.5%	42.9%	0.0%	6.7%	5.8K	-223.8K	-1.6K	0.00	74.30	N/A	N/A	1	0	2,477	563
2011-05-13	$5.10	$5.00	43.6%	12.5%	41.9%	10.4%	0.0%	0.0%	8.6%	8.1K	-211.0K	-1.7K	5.50	84.42	N/A	N/A	2	11	2,478	563
2011-05-16	$4.97	$5.00	51.7%	14.8%	41.7%	16.1%	57.5%	0.0%	-7.7%	6.3K	-160.1K	-1.7K	0.00	77.97	N/A	N/A	71	0	2,478	574
2011-05-17	$4.95	$5.00	55.0%	15.8%	40.2%	18.5%	57.3%	0.0%	-7.2%	6.7K	-151.1K	-1.7K	25.00	72.11	N/A	N/A	2	50	2,533	574
2011-05-18	$5.01	$5.00	49.4%	14.2%	40.4%	14.5%	49.4%	0.0%	-0.4%	8.6K	-138.4K	-1.7K	1.61	77.49	N/A	N/A	31	50	2,535	624
2011-05-19	$5.46	$5.00	51.4%	14.7%	50.4%	16.0%	51.5%	0.0%	-4.7%	4.8K	-299.6K	-1.6K	0.21	75.20	N/A	N/A	141	30	2,540	674
2011-05-20	$5.40	$5.00	46.6%	13.4%	50.4%	12.6%	62.0%	0.0%	-17.3%	3.9K	-267.9K	-1.7K	0.00	92.55	N/A	N/A	189	0	2,529	704
2011-05-23	$5.60	$5.00	47.3%	13.5%	51.6%	13.0%	61.1%	0.0%	-12.5%	5.5K	-306.0K	-1.7K	1.85	58.47	N/A	N/A	81	150	2,587	701
2011-05-24	$5.66	$5.00	35.0%	10.0%	51.6%	4.4%	34.5%	0.0%	0.1%	7.4K	-402.2K	-1.8K	0.43	62.03	N/A	N/A	46	20	2,617	691
2011-05-25	$5.57	$5.00	48.8%	14.0%	52.0%	14.1%	40.5%	0.0%	-8.0%	6.8K	-341.0K	-1.9K	0.00	71.37	N/A	N/A	23	0	2,623	711
2011-05-26	$5.88	$5.00	57.9%	16.6%	54.7%	20.5%	71.4%	0.0%	-20.3%	10.3K	-465.0K	-2.3K	0.00	62.49	N/A	N/A	646	1	2,635	711
2011-05-27	$5.65	$5.00	30.9%	8.9%	57.1%	1.5%	24.2%	0.0%	22.9%	10.3K	-534.5K	-2.0K	0.00	60.06	N/A	N/A	536	0	3,036	712
2011-05-31	$5.73	$5.00	29.6%	8.5%	54.4%	0.5%	22.2%	0.0%	31.2%	10.3K	-537.2K	-1.9K	0.00	60.86	N/A	N/A	68	0	3,101	712